SACRAMENTO—Yesterday, three transformative transit projects received their official allocations of more than $51 million from the California Transportation Commission, advancing high-quality public transportation, aiding disadvantaged communities, and reducing greenhouse gas emissions. These climate investments are funded by the state’s cap-and-trade auction proceeds.
These are the first of 14 projects of a cap-and-trade investment totaling more than $224 million that the California State Transportation Agency announced this summer. With this allocation by the Commission, these dollars will reimburse important climate and infrastructure investments by three agencies around the state: Sacramento Regional Transit District (Sac RT), Southern California Regional Rail Authority (Metrolink), and San Diego Association of Governments (SANDAG).
Below are brief details for the three projects that received their funding allocation yesterday:
The next 11 projects and allocation of the program’s remaining cap-and-trade auction proceeds will be considered at future Commission meetings, upon request from the lead Agencies whose projects were selected in June.
These projects and the Transit and Intercity Rail Capital Program are part and parcel of a statewide commitment to sustainable and affordable public transportation in California. The program was established by the California Legislature in 2014 by Senate Bill 862, which dedicates ten percent of yearly cap and trade auction proceeds to public transportation projects that help the state reduce greenhouse gas emissions and combat climate change while benefiting disadvantaged communities.
There are two workshops in early September to discuss the next round of the Transit and Intercity Rail Capital Program—your opportunity to help shape its future. You can find the details of these workshops here.